i think the idea of a big agreement, a big grand deal that would involve big spending cuts over ten years, i don't think that's going to happen. that really centerings around the fact that republicans will not raise taxes in any way, shape or form and the president will only do so much in terms of spending cuts if it doesn't involve tax increases. so, i think that center of gravity has moved away from the white house despite the president's pressure. up to capitol hill where there are some dliks on what the fallback position is. that's where washington is right now. a small solution to a big problem. >> does each side think voters will side with them, that politically the other guy is going to pay the price for this? >> i think they're trying to -- trying to get something neutral. not a victory,en a defeat. i think both sides recognize the peril of letting the debt ceiling not be raised. even though there's a lot of more junior lawmakers on the republican side that say, no, this is a false crisis. there's no reason to raise the debt ceiling unless we get the sort of deal we want. you hear